Disney profit off 7% on charges, cable results

DavidB. Wilkerson

CHICAGO (MarketWatch) -- Walt Disney Co.
DIS, -0.88%
said Thursday that its fiscal fourth-quarter profit fell 7% on charges and decreased earnings at its cable channels and theme parks. Disney said it earned $835 million, or 43 cents a share, compared to a profit of $895 million, or 47 cents, in the year-ago period. Results in the latest three months include restructuring and impairment charges of $58 million, or 2 cents a share. Revenue slipped 1% to $9.74 billion. Analysts polled by Thomson Reuters were expecting a profit of 46 cents a share on sales of $9.95 billion.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.